Hail, Caesars Entertainment: the casino business may or may not be eyeing Atlantic City’s Revel as their acquisition that is newest
We doubt that the Roman emperor himself kept his name front side and center since well as Caesars Entertainment Corporation does these days. And despite continuing to transport the gaming industry’s debt load that is heaviest hovering at the $24 billion mark, buying and building new properties doesn’t seem to become a issue with this casino conglomerate.
Lately, they’ve been in talks with Japanese leaders to create a possible new casino in Osaka just as video gaming is legalized in Japan, and now the latest news, in accordance with some insider reports, is that they have their attention on Atlantic City’s problem kid casino, Revel.
Could Revel Become Next on Their List?
Revel officially went into bankruptcy right back in March 2013; not even 12 months into its once-gloriously touted entrance onto the beleaguered Atlantic City land gaming scene. Now anyone interested in snatching the casino up will have under two weeks to submit a bid, and according to Bloomberg, Caesars isn’t a slam dunk for this acquisition; neither is it even 100 % particular they will even move to take action.
Other contenders are definitely into the mix; those include Orlando-based tricky Rock Global, who the nyc Post month that is last as being in ‘advanced negotiations’ for the purchase. That was following a decision Continue reading “Caesars Preps for Possible Revel-ation in Atlantic City”